The Dredging Industry.

Progress, Volume I, Issue 3, 2 January 1906, Page 60

The Dredging Industry.

Last year's return thus averaged about 24 per cent, on capital invested. But the return was veryirregular. Only 21 of the 50 dredges paid anything at all , while the Electric, on a capital of £26,000, paid £39,650, or over 150 per cent. After that the most profitable was the Roxburgh Jubilee, which paid £6750 on a capital of £7500 Both these co.s have continued exceedingly profitable throughout the present year. The average profit to the shareholders of all dredges furnishing particulars to the department works out at about 28s. per oz. won.

901 902 903 QO4 Gold, oz. 44,914 71.315 54,162 59.613 Capital Invested. 348,801 395.429 356,784 Dividends. 107,506 81,177 85,226

The annual report of the New Zealand Mines Department shows the result of the work of 50 dredges for four years :—: —